Henry L & Grace Doherty
Henry L & Grace Doherty maintains substantial assets despite frequent operational deficits and zero officer compensation.
EIN: 136401292 · Sea Girt, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $11.6M |
| Transparency Score | 85/100 |
Is Henry L & Grace Doherty Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Henry L & Grace Doherty directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Henry L & Grace Doherty
Henry L & Grace Doherty (EIN: 136401292) is a nonprofit organization based in Sea Girt, NJ. The organization reported total revenue of $2.4M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry L & Grace Doherty's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Henry L & Grace Doherty is a mid-size nonprofit that has been operating for 78 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $776K |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-413,237 |
| Total Assets | $12.0M |
| Total Liabilities | $340K |
| Net Assets | $11.6M |
| Operating Margin | -53.2% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 120.7 months |
Financial Health Grade: B
In 2023, Henry L & Grace Doherty reported a deficit of $413K with expenses exceeding revenue, holds 120.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Henry L & Grace Doherty's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -76.0% | -2.7% | -1.8% |
| 2022 | +852.6% | -3.2% | -7.7% |
| 2021 | +7.6% | -27.2% | +20.2% |
| 2020 | -68.2% | -39.9% | -6.7% |
| 2019 | -16.1% | +66.8% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1948 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Henry L & Grace Doherty with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Henry L & Grace Doherty allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $413K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that officers are not compensated, which is highly favorable for an organization of its asset size (over $11 million).
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Henry L & Grace Doherty's IRS 990 filings:
- Frequent operational deficits (e.g., 2023, 2021, 2020, 2019, 2015, 2014, 2011) where expenses exceed revenue, which could indicate reliance on endowment drawdowns.
- Significant fluctuations in annual revenue, from $315,877 in 2020 to $3,238,991 in 2022, suggesting potential unpredictability in funding sources.
Strengths
The following positive indicators were identified for Henry L & Grace Doherty:
- Consistent and substantial asset base, generally over $10 million, providing financial stability (e.g., $11,959,888 in 2023).
- Zero officer compensation reported across all available filings, indicating strong financial stewardship and a focus on mission over executive pay.
- Regular filing of IRS Form 990s (10 filings), demonstrating good transparency.
- Ability to absorb operational deficits due to strong asset base.
Frequently Asked Questions about Henry L & Grace Doherty
Is Henry L & Grace Doherty a legitimate charity?
Henry L & Grace Doherty (EIN: 136401292) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $2.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Henry L & Grace Doherty spend its money?
Henry L & Grace Doherty directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Henry L & Grace Doherty tax-deductible?
Henry L & Grace Doherty is registered as a tax-exempt nonprofit (EIN: 136401292). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Henry L & Grace Doherty CEO make?
Henry L & Grace Doherty's highest-compensated officer earns $11 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Henry L & Grace Doherty's spending goes to programs?
Henry L & Grace Doherty directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Henry L & Grace Doherty located?
Henry L & Grace Doherty is headquartered in Sea Girt, New Jersey and files with the IRS under EIN 136401292.
How many years of IRS 990 filings does Henry L & Grace Doherty have?
Henry L & Grace Doherty has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Is Henry L & Grace Doherty a good charity?
Based on the provided data, the charity demonstrates strong financial stability through its significant asset base (e.g., $11,959,888 in 2023) and excellent transparency regarding executive compensation (0% officer compensation). While it experiences operational deficits in many years, its ability to maintain assets suggests a well-managed endowment. A full assessment would require detailed program spending data.
How does the organization manage its operational deficits?
The organization frequently reports expenses exceeding revenue (e.g., $1,189,487 expenses vs. $776,250 revenue in 2023). Given its substantial and relatively stable asset base (e.g., $11,959,888 in 2023), it likely covers these deficits by drawing from its endowment or investment returns, rather than relying solely on annual contributions.
What is the trend in the organization's assets and liabilities?
The organization consistently maintains assets above $10 million, peaking at $13,193,536 in 2021 and $12,177,539 in 2022. Liabilities have fluctuated significantly, from a low of $32,187 in 2020 to a high of $3,176,892 in 2021, indicating varying financial obligations over time.
Filing History
IRS 990 filing history for Henry L & Grace Doherty showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Henry L & Grace Doherty's revenue has declined by 47%, moving from $1.5M to $776K. Total assets increased by 9.9% over the same period, from $10.9M to $12.0M. Total functional expenses fell by 18.8%, from $1.5M to $1.2M. In its most recent filing year (2023), Henry L & Grace Doherty reported a deficit of $413K, with expenses exceeding revenue. The organization holds $340K in liabilities against $12.0M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $776K | $1.2M | $12.0M | $340K | — | — |
| 2022 | $3.2M | $1.2M | $12.2M | $144K | — | View 990 |
| 2021 | $340K | $1.3M | $13.2M | $3.2M | — | View 990 |
| 2020 | $316K | $1.7M | $11.0M | $32K | — | View 990 |
| 2019 | $995K | $2.9M | $11.8M | $2.4M | — | — |
| 2015 | $1.2M | $1.7M | $11.8M | $1.5M | — | View 990 |
| 2014 | $1.1M | $2.1M | $11.8M | $1.1M | — | View 990 |
| 2013 | $2.4M | $964K | $11.9M | $69K | — | View 990 |
| 2012 | $898K | $868K | $10.7M | $292K | — | View 990 |
| 2011 | $1.5M | $1.5M | $10.9M | $541K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $776K, expenses of $1.2M, and assets of $12.0M (revenue -76.0% year-over-year).
- 2022: Revenue of $3.2M, expenses of $1.2M, and assets of $12.2M (revenue +852.6% year-over-year).
- 2021: Revenue of $340K, expenses of $1.3M, and assets of $13.2M (revenue +7.6% year-over-year).
- 2020: Revenue of $316K, expenses of $1.7M, and assets of $11.0M (revenue -68.2% year-over-year).
- 2019: Revenue of $995K, expenses of $2.9M, and assets of $11.8M (revenue -16.1% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.7M, and assets of $11.8M (revenue +6.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $2.1M, and assets of $11.8M (revenue -53.2% year-over-year).
- 2013: Revenue of $2.4M, expenses of $964K, and assets of $11.9M (revenue +164.4% year-over-year).
- 2012: Revenue of $898K, expenses of $868K, and assets of $10.7M (revenue -38.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Henry L & Grace Doherty:
Data Sources and Methodology
This transparency report for Henry L & Grace Doherty is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.